Stage of company
Start-up:
Capital provided for seed corn or formative stage businesses.
Early Stage:
Financing for companies that have completed the development process and require funds to commence manufacturing and sales. Historic profitability is not expected.
Expansion Stage:
Capital provided for the growth of established companies. Finance may be utilised for a variety of purposes including production, marketing and product development.
Special Stage:
This category provides for rescue and turnaround finance and/or restructuring of bank debt.
Management Buy-out and Management Buy-in:
The former category involves supporting management and investors in the purchase of a business, or a spin-off. The latter involves supporting an inward bound management team to purchase all or part of a business.
Follow-on Stage:
After investing in a company, there is usually a need for a second or subsequent round of funding to enable the company to advance to the next stage of its development.
Secondary Purchase Stage:
This involves the purchase of existing shares in a company. The shares may be purchased from a variety of sources.